The Government Performance and Results Act of 1993 Requires Federal

question 21

True/False

The Government Performance and Results Act of 1993 requires federal agencies to focus on explicit near-term objectives and performance measures.

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Definitions:

Cash Flows

The movement of money into and out of a business, representing earnings and expenditures.

Internal Rate

Often referring to the Internal Rate of Return (IRR), it's the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Outlay

The amount of money spent on a particular expense or investment.